Wall Street waiting for 'Great Rotation"

10:04 PM,
May 9, 2013

Traders work the floor at the New York Stock Exchange.

Written by

Adam Shell
Gannett

NEW YORK -- Warren Buffet said earlier this week that bonds, which sport high prices and low yields, are a horrible investment. It seems as if everyone on Wall Street keeps telling Main Street investors that the stock market, which has been hitting record highs and is up 14 percent this year, is a better place to invest.

But if you follow the mutual fund money trail, it's clear retail investors haven't gotten the memo about the long-awaited "Great Rotation" from low-yielding bond funds to better-performing U.S. stock funds.